Model N

Model N, Inc. is a provider of cloud-based revenue management solutions, primarily serving the life sciences and technology industries. Founded in 1999 and headquartered in San Mateo, California, the company has evolved from its origins in contract management to offer comprehensive revenue management capabilities. Model N operates as an enterprise SaaS company, focusing on developing and monetizing its solutions. With a market cap in the billion-dollar range and approximately $200 million in annual recurring revenue, Model N has experienced significant growth, employing around 1,089 people. The company has a concentrated customer base of about 200 clients, each averaging an annual spend of around $1 million. Over 77% of these clients have transitioned to Model N's cloud products, reflecting strong customer retention and expansion. The company also generates a portion of its revenue from professional services, contributing to healthy gross margins.